https://www.taxtmi.com/caselaws?id=53366 The Tribunal allowed the appeal, determining that the transaction value should be the assessable value for Customs duty assessment. It rejected the Revenue's reliance on PLATT prices for valuation of imported recycled/reprocessed LDPE, emphasizing the necessity of transaction-specific evidence and adherence to Customs Valuation Rules exceptions. The Tribunal highlighted that PLATT prices are compilations of price ranges, not transaction values, and region-specific, not suitable for determining alternate transaction values, aligning with previous decisions and emphasizing the importance of following Customs Valuation Rules. en-us Wed, 22 Sep 2004 00:00:00 +0530 Tue, 12 Oct 2010 17:46:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53366 The Tribunal allowed the appeal, determining that the transaction value should be the assessable value for Customs duty assessment. It rejected the Revenue's reliance on PLATT prices for valuation of imported recycled/reprocessed LDPE, emphasizing the necessity of transaction-specific evidence and adherence to Customs Valuation Rules exceptions. The Tribunal highlighted that PLATT prices are compilations of price ranges, not transaction values, and region-specific, not suitable for determining alternate transaction values, aligning with previous decisions and emphasizing the importance of following Customs Valuation Rules. Case-Laws Customs Wed, 22 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53366